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Forum Energy Technologies FET Contract With Customer, Asset, Cumulative Catch-Up Adjustment To Revenue, Change In Measure Of Progress, Percent

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Other financials

Income statement

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Revenue$208.7M+8.0%
Gross profit$61.0M+4.5%
Operating income$11.0M+25.0%
Net income$4.5M+300%
EPS (diluted)$0.39+333%

Balance sheet

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Cash & equivalents$37.5M+20.4%
Total debt$240.2M-0.8%
Total equity$280.7M-12.3%
Total assets$763.1M-3.4%

Cash flow

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Operating cash flow$1.6M-82.6%
CapEx$256.0K-87.9%
Free cash flow$1.4M-81.0%

Valuation

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Market cap$559.9M+131%
Enterprise value$762.61M+68.1%
P/S0.7×+0.4×

Profitability

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Gross margin27.5%-3.5pp
Operating margin4%+2.3pp
Net margin-14.6%-50.9pp
FCF margin7.3%-3.8pp

Returns & leverage

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Return on equity-31.1%-72.4pp
Debt / equity0.9×+0.1×
Current ratio2.2×-0.2×

Where this comes from

Reported directly by Forum Energy Technologies in its filing.

Tagged under the XBRL concept fet:ContractWithCustomerAssetCumulativeCatchUpAdjustmentToRevenueChangeInMeasureOfProgressPercent.

The official record: Forum Energy Technologies’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Forum Energy Technologies's contract with customer, asset, cumulative catch-up adjustment to revenue, change in measure of progress, percent?
Forum Energy Technologies (FET) reported contract with customer, asset, cumulative catch-up adjustment to revenue, change in measure of progress, percent of 39% in Q1 2026.
How has Forum Energy Technologies's contract with customer, asset, cumulative catch-up adjustment to revenue, change in measure of progress, percent changed year-over-year?
Forum Energy Technologies's contract with customer, asset, cumulative catch-up adjustment to revenue, change in measure of progress, percent increased by 1400.0% year-over-year, from -3% to 39%.
What does contract with customer, asset, cumulative catch-up adjustment to revenue, change in measure of progress, percent mean?
Measures the percentage adjustment to contract asset balances due to revisions in the estimated progress toward completion of long-term projects. It highlights the impact of updated project forecasting on recognized revenue and asset valuation.